BTC takes a breather as Trump’s tariff threat bodes well for gold, and the uptick in Tokyo inflation supports BOJ rate hikes.
Analysts observing previous BTC bull market said the outlook remains constructive while long-term holders continue to distribute their coins.
As observed by many metrics, Monday’s capitulation in bitcoin looks like a textbook local bottom.
Bitcoin’s taban to $100,000 was quickly bought up and its outlook still remains “bright,” one analyst said.
Bitcoin holdings for public U.S.-listed companies have more than doubled since January 2024.
Wednesday’s price action for bitcoin was the fourth time it exceeded the key $100,000 price level.
The selloff in stocks and cryptocurrencies could mean Donald Trump’s inauguration will less likely be a sell the news event, K33 Research said.
BTC’s latest price action seems to contrast sharply with the uptrend exhaustion observed at record highs above $108K in mid-December.
Babylon, developer of the largest BTC staking protocol, is teaming up with Bitcoin developers Fiamma to build a trust-minimized bridge using BitVM2
Since September, the market has absorbed over 1 million bitcoins, while the price has gone from around $60,000 to over $100,000.